As we discussed last month that many automobile companies are planning to increase car prices from April this year. This month we already seen price hike announced by Honda Siel and General Motors India. Now, this time it’s India based Tata Motors which announced today in a statement that the company is going to hike prices of passenger and utility vehicles from April 2011.
The company plans to hike prices by Rs 7,000-36,000 depending on model from beginning of next month. This will be the second price hike in this year. Tata Motors had earlier increased the price in January 2011. And the bad news is that Maruti Suzuki and Hyundai Motors are also planning a similar move in order to bear rising input costs.
“Despite continuous cost control initiatives, the company is being forced to take these increases on account of steep rise in input costs,” Tata Motors said.
he statement said, “In passenger cars, depending upon the model, Tata Indica prices will go up by Rs 7,000 to Rs 9,000, Indica Vista and Indigo CS by Rs 8,000 to Rs 11,000 and Indigo Manza by Rs 10,000 to Rs 15,000.”
Prices of utility vehicles will also go up from Rs 13,000-Rs 29,000, starting with Tata Sumo followed by Sumo Grande and Tata Safari.
Prices of recently launched vehicles – Venture and crossover Aria will also go up from April 1. “Price of Aria will go up by Rs 30,000 to Rs 36,000 and Venture by Rs 9,000 to Rs 12,000,” the statement said.
The Nano price will, however, not be revised. In the utility vehicles segment, Tata Motors said depending upon the model, Sumo prices will go up by Rs 13,000-15,000. The vehicle is available for Rs 4.95 lakh to Rs 7.62 lakh currently.
